Buyer Beware – Turbo Tax Home & Business 2011 IS A DISASTER, January 25, 2012

I have used Turbo Tax for years. Two or three years ago I began using their transfer function to transfer 1099MISC information from the prior year to the current year, so that all one needed to do was fill in the correct dollar amount and not have to retype all the names and addresses. It worked fine in prior years, just as you could transfer your tax information for the 1040 from the prior year.

BUYER BEWARE!!

This transfer function DOES NOT WORK in the 2011 iteration of Turbo Tax Home & Business 2011. In its infinite wisdom, Intuit moved this transfer scenario from a simple file to file transfer and
put it instead, on line. It does not work. I am unable to transfer the 150 or so 1099MISC forms from 2010 to 2011 AND no one at Intuit/Turbo Tax seemed to know it doesn’t work. I lost three
hours on line and then on the phone trying to get this function to work, speaking with tech specialists at Turbo Tax.

All you learn in the program itself, when you try to make the transfer USING THE FILE TYPE YOU ARE SUPPOSED TO USE, is the infuriating message “Houston, we have a problem … but don’t worry we are not in outer space.”

Well guess what, you folks at Intuit are indeed in outer space if you think it is acceptable to not have this function working as of 1/25/11 just six days before the IRS deadline to send the
1099MISC forms to their recipients.

THIS IS A DISASTER.

Do not buy Turbo Tax Home & Business if you need to transfer your 1099MISC information from 2010 to 2011.

Shame on you Intuit.

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]]> https://lap-tops.net/turbotax-home-business-federal-e-file-state-2011-for-pc-download/smart-phones/phone-apps/#comment-272 Robert Callaway DVM Mon, 11 Jun 2012 13:06:39 +0000 http://lap-tops.net/turbotax-home-business-federal-e-file-state-2011-for-pc-download/smart-phones/phone-apps/#comment-272

employee information data storage, January 8, 2012

I have used this product since 1997 to do my taxes. Unfortunately, this year Turbo Tax decided to store the payroll information on their servers rather than the consumers’ desktops. The result is my employees’ information is stored where I have no control. I will forever need to worry about security issues considering this data. If at some point in the future I need to amend the return, I will be dependent on the goodwill of Turbo Tax to access this data. I will no longer be using this product.

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]]> https://lap-tops.net/turbotax-home-business-federal-e-file-state-2011-for-pc-download/smart-phones/phone-apps/#comment-271 Stephen Mon, 11 Jun 2012 12:32:15 +0000 http://lap-tops.net/turbotax-home-business-federal-e-file-state-2011-for-pc-download/smart-phones/phone-apps/#comment-271

The Best Tax Software Available (with a warning), November 29, 2011

By 

Stephen (Southern CA) –

  

I have been using Turbo Tax for about 10 years. In general it is an easy to use program and I have never been audited. I only enter legitimate data that I have a receipt for. If I was to be audited it wouldn’t be a big deal.

6 years ago I had gone through the process of filling out all my forms but neglected to save the data prior to entering the E file area of the program. When I saw the state fee for E file, I tried to back out of the E file program section. All of my data prior to my last save was lost. This was about 6 hours of work. I know it was my fault for not saving my data, but I thought that the E file was included in the price of the program. I felt the program should require you to save the data prior to entering a section where the data would be lost if you backed out of the E file section. I called Intuit to let them know what happened and found the response to my issue underwhelming.

The Federal E file is free but the states may charge additional fee of about $20 to E file.

The next year I used an accountant which turned out to be a big mistake. It cost several times the price of the software package and all of my carryover deductions needed to be manually entered. I spent more time putting my information together for the accountant than I had spent in previous years doing the return myself. The accountant just made the deadline and repeatedly called asking for clarifications on deductions.

I learned my lesson from that experience. Now I always use Turbo Tax Home and Business but make sure I save my data throughout the entry process.

I’d give the product 4.5 stars if I could. I find the statement of E file to be slightly deceptive. The state filing is not included in the price the program. Intuit is much clearer about this now than they use to be. You just need to be aware of this and include that cost in your purchase decision. I print and file my state return to avoid the fee. There are also areas of the business deductions that require research from the IRS’s website which can be tedious.

The program allows business deductions carry over to future years which save a lot of time and helps maintain accuracy. If you are going to use this program it pays to be a repeat user.

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